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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Al Cern who wrote (20553)	10/3/1998 9:55:00 PM
From: long-gone	Respond to of 116770

Al, When the greatest part of those brokerage houses & banks that were involved in LTCM were recommending against anyone owning gold, and by not marketing gold based funds to their industrial customers, they could (for a time) set the POG. rh

To: Al Cern who wrote (20553)	10/5/1998 8:33:00 AM
From: long-gone	Respond to of 116770

Why does everyone have a problem believing there is (was?) a conspiracy to affect the price of gold? A quote, "What is the chief end of man?--to get rich. In what way?-- Dishonestly if we can, honestly if we must" Mark Twain - 1871 It happened before, except in reverse. <<Although a man of scrupulous honesty, Grant as President accepted handsome presents from admirers. Worse, he allowed himself to be seen with two speculators, Jay Gould and James Fisk. When Grant realized their scheme to corner the market in gold, he authorized the Secretary of the Treasury to sell enough gold to wreck their plans, but the speculation had already wrought havoc with business.>> [Julia Dent Grant] history1800s.tqn.com IMHO The answer is obvious, to right things, this time, the treasury Must BUY enough gold to wreck the current speculation plans! We must learn from history or........... Richard